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Ofelia
Ofelia, age 60, sells products through catalogs. She has been in business for three years and is able to work from home. This allows her to be near her son, who suffers from mental and physical illnesses.


Ofelia is thankful to God for giving her a source of income. Being a single mother, she has had to fight and struggle through life in order to support her family. Today she is requesting a loan so that she can invest in the purchase of merchandise. This will increase her sales and generate the income she needs for her son’s treatment.

View original language description ↓
Ofelia de 60 años de edad, se dedica a la venta de productos por catálogo, actividad que realiza desde hace tres años desde su hogar, lo que el permite estar pendiente de su hijo quien padece de una enfermedad mental y física.
Ofelia se siente agradecida con Dios por regarle una fuente de ingresos, debido a que por su condición de madre soltera le ha tocado luchar y guerrearse la vida para sostener a su familia.
Hoy se encuentra solicitando un crédito que invertirá en la compra de mercancía con el fin de incrementar sus ventas y generar los ingresos que necesita par el tratamiento de su hijo.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,850.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Ofelia to buy beauty and personal use products to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 21, 2013
Currency Exchange Loss:
Covered
Ended:
May 22, 2014